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Fed moves to provide $2.3T in loans

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Federal Reserve Thursday announced additional efforts to support the economy amid the coronavirus pandemic, including providing up to $2.3 trillion in loans to households and businesses of all sizes. The Fed has taken several steps to address economic concerns and has committed to using the full range of its authorities.Of note, the Fed created the Main Street Lending Program, which will offer 4-year loans to companies with up to 10,000 workers or revenues less than $2.5 billion. Businesses that receive loans through the Small Business Administration’s paycheck protection program can also apply for Main Street loans.Eligible lenders under the Main Street Lending Program are U.S. insured depository institutions, bank holding companies, and savings and loan holding companies. The program is funded with $600 billion, with the Treasury Department providing $75 billion from funds allocated by the CARES Act, and is scheduled to run through Sept. 30, 2020.The Fed will purchase 95 percent participations in the loans while lender retains 5 percent. Other terms of the Main Street loans include:last_img read more

Damir Džumhur against Podlipnik-Castillo Tonight in the Quest for Top 70

first_imgIn the first round of the Challenger in Lima, the best BH tennis player Damir Džumhur is to measure strengths with Hans Podlipnik-Castillo.Džumhur, who was set as the first holder of the tournament in the capital of Peru, should go out onto the central court against the Chilean tennis player (171st on the ATP list) tonight around 7:30 p.m., after the matches  Dutra Silva – Belotti (starting from 4:30 p.m.) and Saez – Pella finish.The best tennis player, who is on the 80th position on the latest ATP list, has a chance to come close to TOP 70 by winning the tournament, if several results of other tennis players turn out in his favor.Džumhur needs an early elimination of five tennis players: Dušan Lajović and Ernests Gulbis in Basel, Marcel Granollers and Nicolas Almagro in Valencia, and Paolo Lorenzi in Monterey.The best placement that Džumhur might achieve on the newest ATP list is 67th position if, in addition to winning in Lima and early elimination of the five aforementioned players, Denis Cudla fails in Basel.(Source: klix.ba/ photo novi)last_img read more

Wellington Police Notes: Thursday, Nov. 29, 2012

first_imgWellington Police notes for Thursday, November 29, 2012:•6:10 a.m. Rebecca L. Bobbitt, 24, city was issued a notice to appear charged with speeding 41 mph in a 30 mph zone.  (radar)•1:55 p.m. Shane L. Forrester, 37, Wellington was arrested and confined charged with theft.•10:33 p.m. Officers investigated report of mental subject in the 1100 block of N. B.•10:33 p.m. Officers made an outside agency assist in the 800 block of S. Jefferson.•10:44 p.m. Destiny D. Lovan, 30, Wellington was arrested on a  failure to appear warrant from Rose Hill.last_img